Archive for July, 2010

High levels of BPA discovered in paper receipts

According to a startling new report by the Environmental Working Group, high levels of bisphenol-A (BPA)—a chemical that consumer advocates are trying to have banned from food and beverage containers—can be found in an unlikely source: paper receipts.

Read the rest of this entry »

Over 50,000 Nissan Cube hatchbacks recalled due to fuel spill risks

Automaker Nissan is recalling over 50,000 of its Cube hatchbacks in the U.S. and Canada because of the risk of fuel spills during rear-end collisions.

The National Highway Traffic Safety Administration (NHTSA) discovered the problem while conducting tests on the vehicles.  More fuel spilled than allowed by federal standards during rear end crash tests at 50 miles per hour that caused the hatchback to flip onto its side.

Read the rest of this entry »

Incoming BP CEO to Discuss Long-Term Gulf Recovery Efforts

Incoming CP CEO Bob Dudley is expected to discuss the company’s long-term recovery plan in the Gulf of Mexico during a news conference in Mississippi on Friday.

BP also announced Friday that it will set up a $100 million charitable fund to support unemployed oil rig workers experiencing economic hardship due to the deepwater drilling moratorium imposed by the Obama administration.

The announcement came after about 250 attorneys gathered in Boise, Idaho for a hearing Thursday with the federal Judicial Panel on Multidistrict Litigation (MDL) on the venue where the oil spill cases will be consolidated, as well as the judge or judges who will preside over the litigation. The panel of seven judges is expected to issue a decision in August.

Appeals court rules deceptive lending class action can move forward

The U.S. Court of Appeal for the 9th Circuit has reinstated a class action lawsuit brought against banking giant Capital One for unfair competition and deceptive lending.  The charges are based on the company offering a “fixed rate” on credit cards without giving consumers clear and conspicuous warnings that the rate was subject to increases.

Read the rest of this entry »

Boston Scientific issues heart device failure advisory

Boston Scientific Corp. has issued an advisory warning physicians that some models of its implanted heart defibrillators have an observed failure rate of one in 670 devices.  Approximately 34,000 patients have the implanted defibrillators, which were manufactured in 2006 and 2007.  The devices are no longer sold.

Read the rest of this entry »

What Will Happen After the Gulf Well is Sealed?

The federal government’s point man on the Gulf oil spill response, Coast Guard Adm. Thad Allen, will meet with New Orleans parish presidents Thursday morning to outline plans after the well is permanently sealed.

As Allen meets with parish leaders, preparations are moving forward for two efforts to kill the well–first, sealing it from above by pouring mud and cement into the well in an operation called “static kill” and then closing it off permanently from below with an intersecting relief well. The static kill could begin as early as Sunday while the relief well may be ready for the “bottom kill” effort five to seven days afterward.

A panel of federal judges will meet in Boise, Idaho on Thursday to consider arguments on where litigation over the Deepwater Horizon rig explosion and oil spill will be consolidated.

Computer maker Dell Inc. settles securities case with SEC for $100 million

Dell Inc., the third-largest computer maker in the world, is settling a civil fraud case with the Securities Exchange Commission (SEC) for $100 million.  The company’s chairman and CEO is separately paying $4 million to settle a civil penalty levied against him.

Read the rest of this entry »

“GREAT VALUE” frozen chicken nuggets recalled

Georgia-based Perdue Farms is recalling frozen chicken nuggets because the product could contain small pieces of blue plastic.

At issue are over 91,000 pounds of “GREAT VALUE Fully Cooked Chicken Nuggets” sold in 1-pound, 13-ounce bags bearing the establishment number P-33944 and case code 89008 AO160.

For the full story, go to Business Week.

Homeowners with Chinese drywall: beware scammers offering “quick fix”

Homeowners with tainted Chinese drywall have yet another concern to contend with: purported drywall remediators who are not licensed contractors and, in some cases, have criminal records for consumer fraud.

A recent report by the Palm Beach Post found that, of 47 Florida drywall remediation and inspection companies it identified, 26 were created since January 2009—around the time that problems with the contaminated drywall were becoming widely known.  Only 18 were being operated by licensed contractors, and some were run by known felons with a history of consumer fraud convictions.

Read the rest of this entry »